@APatel6 on DXY | PriceONN Community

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APatel6 PRO newbie
DXY Feb 19
DXY seems overbought to me. RSI above 70 often means a pullback is coming. I'm watching to see if it breaks above 97.5, but I'm cautious about a potential reversal. Will wait for confirmation before making any moves. Risk management is key here.
DXY

Replies (1)

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APatel6 PRO newbie Feb 19
Update: Still seeing that overbought condition. Maybe the market will correct soon. I'm also considering the upcoming economic data releases; these can significantly impact the dollar's strength. A weaker-than-expected report could trigger a sell-off. Need to keep an eye on those announcements.
EURUSD 1.16101 -0.18%
GBPUSD 1.34274 -0.26%
USDJPY 159.93100 +0.03%
XAUUSD 4,458.81 -0.64%
XAGUSD 73.31 -2.38%
BTCUSD 64,223 -4.98%
SP500 6,572.87 +0.74%
BRENT 101.03 +2.54%
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